"But overall, it was a year in which we did not take the step forward we were aiming for." 2004

"The recent discovery of prior-year accounting errors has been extremely disappointing and embarrassing to all of us...We recognize that our shareholders have shared the pain as GM has struggled over the past year."
2005

"Following a review of deferred income taxes and our accounting for derivatives under (SFAS) No. 133...we restated our balance sheet, stockholders' equity and reported net income in our financial statements from 2003 through the third quarter of 2006." 2006

"Our management is responsible for establishing effective internal control over financial reporting...Based on our assessment, and because of the material weaknesses described above, we have concluded that our internal control over financial reporting was not effective as of December 31, 2007." 2007

This is not a management team to put a lot of faith in. There are reasons he's called Red Ink Rick.